Dec 31, 2012 12:00am PST
not so fantastic four, california, nevada, arizona, florida. what you saw in that period was you saw the bubble collapse and you also had the financial crisis in concert with the collapse of the housing bubble. one feeding off the other. we had a tremendous de leveraging which meant basically the banks stepped back. when you take leverage out of financial transactions like home mortgages and the has set prices fall. >> is this a good time for people to buy a house? good time to sell a house? good time to sit tight and don't do a dog gone thing? >> look at the numbers. a significant thing that is occurring in the economy right now that is sparking this recovery in housing is household formations are about 1.1 million which has been about our historical average. now from 2007 to 2010 on average household formations fell to about 550,000 -- >> you mean people getting married and starting families? >> you bet. >> so people because of the economy just didn't get married, didn't form a family. >> you know on the other side they didn't get divorced. they couldn't afford to get divorced. one
Dec 2, 2012 5:00pm PST
powerful storm hitting northern california and the pacific northwest in less than a week. wicked weather causing flooding with rain falling at the rate of an inch per hour at times. 100,000 people at this point have lost power and people say the damage was not as bad as they thought it would be. more rain expected. i'm harris falkner, now, let's get you back to huckabee. ♪ >> when he i was white house press secretary, afaced a roomful of reporters on a daily basis so i'm used to getting tough questions, been a while since you've been grilled on stage, but since i'm guest hosting for governor huckabee in front of a studio audience and i can't play a bass guitar, i can take questions from the audience and the only thing that seems to be missing is helen thomas who use today sit in the front row and she and i were good friends, believe it or not. [applause] >> hit me with your best shot, what you got? who is first. >> i'm richard from dallas, an easy one for you, you're such an obviously lovely intelligent nice person, is it difficult to tolerate bob beckel every day on "the five"